Comparable sales & offer analysis
Parcel IN-478547
Madison County, IN · 244 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$629,700
Adjusted value
$910,918
Value range
$682,661–$1,139,175
Comp $/acre
$3,728/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -30.9% versus the adjusted value.
Offer position
Max allowable offer
$520,524
Offer $/acre
$2,131/ac
Projected profit
$273,275
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| IN-298906 | 316.9 | Jul 27, 2026 | $769,000 | 2,427 | 2,452 | 86 |
| IN-938737 | 280.4 | Dec 9, 2025 | $2,209,900 | 7,882 | 4,887 | 81 |
| IN-619120 | 370.0 | Jan 26, 2025 | $2,489,100 | 6,727 | 4,683 | 73 |
| IN-538641 | 261.5 | Oct 29, 2023 | $633,900 | 2,424 | 2,582 | 71 |
| IN-628752 | 283.4 | Nov 22, 2024 | $1,344,000 | 4,742 | 4,269 | 70 |
| IN-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 3,133 | 69 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 3,592 | 66 |
| IN-547431 | 108.9 | Mar 23, 2025 | $407,900 | 3,747 | 2,984 | 65 |
| IN-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 3,673 | 65 |
| IN-877374 | 104.5 | Aug 15, 2024 | $527,100 | 5,046 | 5,149 | 64 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.